Govt's PMEGP Generates Over 11 Lakh Jobs in Last Three Years

Capital Market 

Prime Minister's Employment Generation Programme, PMEGP is estimated to have generated over 11,13, 000 employments during the last three years i.e. 2015-16 to 2017-18. This information was given by of state for Micro,Smalland Medium Enterprises, in a written reply in the Rajya Sabha today. PMEGP is a credit linked subsidy scheme, for setting up of new micro-enterprises and to generate employment opportunities in rural as well as urban areas of the country through KVIC, State & Board (KVIB) and (DIC). Under the PMEGP, general category beneficiaries can avail of margin money subsidy of 25% of the project cost in rural areas and 15% in urban areas. For beneficiaries belonging to SC/ST/Women/PH/Minorities/Ex-Servicemen/NER, the margin money subsidy is 35% in rural areas and 25% in urban areas.

The further said that in order to revive the sick Institutions, and Commission (KVIC) implements 'Strengthening of Infrastructure of Existing Weak and assistance for Marketing Infrastructure' scheme. The scheme is meant to meet the need based support to the sick which have potential to attain normalcy. The however said that there is no plan to reopen the closed Khadi Gramodyog centres situated amongst different panchayats of the country. He said various schemes have been implemented and progressive works done for the Khadi and during the last three years. Meanwhile sales performance of entire sector under Khadi and Village Industries has increased from Rs. 41894.56 crore in 2015-16 to Rs. 60451.28 crore in 2017-18, according to provisional details. In reply to another question, stated that the new model Charkhas give good quality yarn and enhanced wages to the Khadi artisans due to increase of production capacity.

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First Published: Thu, July 19 2018. 10:32 IST